Global Soy-based Surfactants Market To Grow At A CAGR Of 5.5% By 2030

The global soy-based surfactants market size was worth around USD 1.8 billion in 2021 and is predicted to grow to around USD 2.9 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030.

Surface-active agents or surfactants are the compounds that enhance the cleaning efficiency, foaming/defoaming, emulsification, solvency, dispersal, wetting, and lubricity of water-based compositions. Soybean is an important source of natural surfactants including soy saponin, soy lecithin, and soy protein. Surfactants are widely used in drinks, food, cosmetics, and detergents.

The rise in interest & awareness in renewable-based products by end-users & consumers, the increase in regulatory & environmental pressure on regulatory pressure on petrochemicals, and continuous changes in feedstock pricing supporting oleochemicals are the primary factors that are fueling the growth of the global soy-based surfactants market. Soybean constitutes 20 percent oil and 40 percent protein. Soybean oil is the world's second-largest source of vegetable oil. The rapid growth in the production of soybean oil is leading to the development of soy-based surfactants.

The soy-based surfactants are usually derived from non-toxic epoxidized soybean oil methyl ester or epoxidized soybean oil which is been generally recognized as safe (GRAS). In addition to this, soy-based surfactants offer several advantages including high stabilizing & high emulsifying abilities, biocompatibility & biodegradability due to which it has wide applications in several industrial areas including personal care, food, and household applications.

All these factors are fostering the growth of the global market. Moreover, the rise in oleo chemical-based biosurfactants and the increase in industry consolidation through mergers and acquisitions among the manufacturers of surfactants are some of the aspects that are driving the growth of the global market. Furthermore, factors such as steady growth in the launch of new products and market application opportunities for soy-based surfactants are likely to augment the growth of the global soy-based surfactants market over the forecast period. However, emerging separation technologies to produce products with fewer impurities with potential applications in personal care and food will hamper the usage of soy-based surfactants which may restrain the growth of the global soy-based surfactants market.

The Covid-19 pandemic has led to unprecedented effects and most countries across the world have employed complete lockdowns with its reopening social distancing is applied as a safety measure. A substantial economic downturn is experienced with the sudden outbreak of the disease. Soy-based surfactants are widely used in numerous applications ranging from beauty products to detergents to several industrial applications. Several industrial sectors have faced multifaceted challenges during the pandemic which affected the demand and production of soy-based surfactants. Thus, in the first half of the year 2020, the global soy-based surfactants market experienced a slow growth rate. However, a healthy growth rate in the market is expected to be registered in the upcoming years with the growing demand for disinfectants and hard surface cleaners to reduce the risk of infection.

The global soy-based surfactants market is segmented based on type, application, and region.

The global market is segmented based on application into food processing, oilfield chemicals, pesticide, and detergent. The food processing segment is expected to grow at the highest CAGR during the forecast period. Surfactants provide multifunctional properties for food additives as emulsifiers, dispersants, wetting agents, and solubilizers in foods that contain fats and oils such as baked goods, dairy foods, salad dressings, shortenings, and margarine. Thus, driving the segmental growth over the forecast period.

Among the regions, Europe is also expected to contribute to a significant share of the market growth. This is attributed to the incorporation of strict environmental regulations and the growing demand for renewable-based products. However, the Asia Pacific region is estimated to grow at a rapid pace during the forecast period due to the presence of key manufacturers of soy-based surfactants in countries like China & India, growing demand from the consumers for soy-based surfactants, increasing cost of petroleum-based products, and growing environmental concerns.

The global soy-based surfactants market is dominated by players like Archer Daniels Midland Company, DuPont, The Scoular Company, FUJI OIL ASIA PTE. LTD., Cargill Incorporated, Ingredion Incorporated, Arla Foods amba, CROWN SOYA PROTEIN GROUP, Batory Foods, ADM, Cargill, Incorporated., Hain Celestial, House Foods America Corporation., Pulmuone Foods USA, Vitasoy International Holdings Limited., Tofurky, Eden Foods, MORINAGA & CO., LTD., Kikkoman Corporation., Amy's Kitchen, Inc., and Schouten, among others.

Recent Development:

• In August 2020, BASF announced the launch of a 100% naturally derived surfactant under the brand name Lamesoft Balance. The surfactants are voluntarily biodegradable and effectively stabilize the wax-based diffusion in hair and skin cleansing formulations.

This review is based on a report by Zion Market Research, titled “Soy-based Surfactants Market By Type (Soy Lecithin Surfactant, Soy Protein Surfactant, and Soybean Saponin Surfactant), By Application (Food Processing, Oilfield Chemicals, Pesticide, and Detergent), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/soy-based-surfactants-market

The global soy-based surfactants market is segmented as follows:

By Type

• Soy Lecithin Surfactant
• Soy Protein Surfactant
• Soybean Saponin Surfactant

By Application

• Food Processing
• Oilfield Chemicals
• Pesticide
• Detergent

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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